Accounts receivable and crediting notes receivable and, Accounting Basics

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Accounts receivable and crediting notes receivable and

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting.

A. Notes Receivable and crediting Accounts Receivable.
B. Notes Receivable and crediting Accounts Receivable and Interest Revenue.
C. Accounts Receivable and crediting Interest Revenue.
D. Accounts Receivable and crediting Notes Receivable and Interest Revenue.

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Accounting Basics: Accounts receivable and crediting notes receivable and

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